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20121201
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
a troubled tech stock is now turning heads on wall street. in today's cover story, michigan remains divided over union rights legislation. how one signature could affect millions. plus, from retail giant to bankrupt & broken - a look at the rise and fall of circut city. how top techniques used by wealthy americans turn into big deductions on taxes. and, ways companies are tracking smartphones to learn how to advertise to your children. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 11th.i'm angela miles. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates lo
flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are we waiting for qe 4? > > i think we are, and i think we are going to see it. we saw the rally yesterday. i thin
in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 20
million in additions to four of its michigan factories. ford says it'll create 2300 new jobs and may lead to a goal adding 12,000 new jobs across michigan by 2015. the star of the hit tv series "grey's anatomy" is attempting to buy a coffee chain. patrick dempsey, better known as mcdreamy on "grey's," is said to be bidding on tully's coffee shop, which filed for chapter 11 banruptcy back in october due to a cash flow issue. it goes up for auction next week. tully's started up in 1992 in seattle and has multiple stores in washington and california along with nearly licensed locations across the country. the actor says he's stepping up to buy the chain to save jobs in the seattle area. five infant deaths have caused major retailers to recall a popular infant recliner. 150,000 "nap nanny" recliners are being recalled. a report says the product poses a substantial risk of injury and death to infants. amazon, toys- r-us and babies-r-us are recalling the item. the manufacturer, baby matters, said the company is "standing by its product 100%." toyota will pay $1.1 billion to settle dozens of cas
. by state, it's california, michigan, texas, and georgia leading the way with the most completed foreclosures this year. joining us on set this morning is mary jones. she is the executive director agora community services. good morning to you. > > good morning. thank you for having me. > absolutely. we were hoping you could give us a sense of what is happening with people out there who are underwater still with their homes or facing foreclosures. how are they doing? > > they are not doing very well, and it is sad; however, there are opportunities to bring a recovery to those homeowners. one of them is the independent foreclosure review. that is a process where the federal reserve board has determined that between january 2009 and december 31st, 2010, there were foreclosures that should never have even happened. so, our job, or the dilemma that we are having, is getting the word out to those homeowners that may have left their homes and still are struggling, but they have an opportunity under the independent foreclosure review to either get their homes back even, or have compensat
are waiting for doorbuster deals." the retail trough is not a complete surprise. the university of michigan consumer sentiment index dropped more than eight points from late november to early december. but there is hope. and because christmas falls on a tuesday, retailers and panicked shoppers get an extra weekend this year. "we were pretty surprised to find 50% of people hadn't completed half their shopping." "the single busiest day is still the saturday before christmas, and i expect most stores will be open 'til midnight." too soon to tell if the additional weekend can overcome what worry over the fiscal cliff has taken away. but at worst, online analysts - a growing segment of retail - are shaving a couple of percentage points off their october predictions. as mentioned earlier, buyers emerged in the market as the latest budget offer from house speaker john boehner presented a sign we may be backing away from falling of the fiscal cliff. president obama and congressmen boehner spent roughly 45 minutes in a meeting at the white house monday. the latest position from the gop appears to be
of this newly-renovated library above michigan avenue, open to the public. "there are books for kids like 'your father is about to be deployed, how do you feel about that?' and it's written in a relevant way for children." while the vast majority of pritzker's $4 million annual budget comes from retired illinois army national guard colonel james n. pritzker, whose family owns hyatt hotels, royal carribean cruise lines and the marmon group, the library is making a huge effort to attract supporters far younger than retirement age. "as a teacher of us history, the war of 1812 is a forgotten war and it's hard to find resources easily." across the u.s., non-profits need to expand their base of supporters. since 2006, the number of new doners giving to non-profits nationwide has dropped 14.6%, and there are fewer doners in general - down 5.3%. pritzker's strategy to pull together groups involves partnering with other non- profits on projects to meet a common goal. it's worked for other non-profits. now, it's pritzker's turn. "i think that as people realize that the funding pool is shared and donors a
Search Results 0 to 7 of about 8 (some duplicates have been removed)